RNS Number: 0997N
20 October 2016
SOCO International plc ('SOCO' or the 'Company')
DIRECTORATE CHANGES
Director's retirement
Marianne Daryabegui has notified the Board that she is standing down from her role as a Non-Executive Director of the Company following the expiry of her initial contract term this month; this is due to her employer now limiting its employees' participation as non-executive directors.
The Board thanks Marianne for her excellent service and for her invaluable contribution to the Company during her tenure of office and wishes her the very best for the future. The Board has particularly valued and benefited from Marianne's independent thought and objectivity along with her extensive experience in oil and gas corporate finance.
Corporate governance remains a priority and the Company is continuing its programme of Board refreshment. In this context, we believe that the continuing Directors will comprise an appropriately balanced Board with the experience and attributes critical to the success of the Company. We will continue to review the balance and effectiveness of the Board with a view to adding independent non-executives commensurate with our size and need.
ENQUIRIES:
SOCO International plc
Roger Cagle, Deputy Chief Executive and Chief Financial Officer
Tel: 020 7747 2000
Bell Pottinger
Nick Lambert
Elizabeth Snow
Tel: 020 3772 2500
NOTES TO EDITORS
SOCO is an international oil and gas exploration and production company, headquartered in London and traded on the London Stock Exchange. The Company has field development and production interests in Vietnam and exploration and appraisal interests in the Republic of Congo (Brazzaville) and Angola.